Improved coal, electricity, cement production and oil refining propelled the index of infrastructure industries to a five-month high of 6.7% in November and provided some cheer in an otherwise gloomy industrial sector. The index, which has a near 40% weight in the index of industrial production, had registered a 6.3% rise in October 2014 and 3.2% gain in November 2013.
Although coal production and electricity generation have been recording double digit growth rates for the past few months, activity at refineries and in cement plants witnessed a turnaround of sorts this November.
But the bad news came from fertilizers, crude oil and natural gas, which reported lower a production rate, while steel managed to clock a 1.3% rise.
During April-November 2014, the eight core sectors grew by 4.6%, compared to 4.1% in the corresponding period last year.
Although coal production and electricity generation have been recording double digit growth rates for the past few months, activity at refineries and in cement plants witnessed a turnaround of sorts this November.
But the bad news came from fertilizers, crude oil and natural gas, which reported lower a production rate, while steel managed to clock a 1.3% rise.
During April-November 2014, the eight core sectors grew by 4.6%, compared to 4.1% in the corresponding period last year.
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